The hacker who targeted the decentralized cross-chain protocol Orbit Bridge in December has started transferring the stolen cryptocurrency. Arkham, a digital asset de-anonymizing platform, has observed that the hacker moved 8,671 Ethereum (ETH) valued at $32 million to a new address. The hacker is currently in the process of depositing the crypto stack into Tornado Cash, a controversial coin mixing service that enables anonymous digital asset transactions.

In late December, the exploiter stole over $100 million worth of crypto from Orbit Bridge and still possesses $66 million in ETH, along with more than $20 million in stablecoins DAI and USDT. Orbit Bridge acts as a bridging service for Orbit Chain (ORC), a cross-chain platform with a focus on scalability.

After the breach, the Orbit Chain team issued notifications urging the hacker to engage in negotiations by 10:00 AM on January 11th. However, with no response from the hacker, the project has offered a reward of up to $8 million to anyone who can provide information to identify the hackers or recover the stolen funds.

At the time of writing, Orbit Chain’s native token, ORC, is trading at $0.00669 and has dropped over 90% from its December price, as per CoinGecko data. Tornado Cash was sanctioned by the US in 2022 for national security reasons. One of the project’s founders, Roman Storm, was arrested last year on charges related to allegedly laundering $1 billion in criminal proceeds, including hundreds of millions of dollars for the sanctioned North Korean cybercriminal group, Lazarus Group.

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